Jones Financial Companies Lllp Buys 34,752 Shares of Cognex Corporation $CGNX

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Cognex Corporation by over 25,900% in the first quarter, acquiring an additional 34,752 shares to own a total of 34,886 shares valued at approximately $1,041,000.
• Cognex reported earnings of $0.25 per share for the last quarter, exceeding analysts' expectations of $0.23, and revenue for the quarter reached $249.09 million, up 4.2% from the same period last year.
• The company recently announced a quarterly dividend of $0.08 per share, with an annualized dividend yield of 0.7% and a payout ratio of 45.07%.

Jones Financial Companies Lllp grew its stake in Cognex Corporation (NASDAQ:CGNX - Free Report) by 25,934.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,886 shares of the scientific and technical instruments company's stock after purchasing an additional 34,752 shares during the period. Jones Financial Companies Lllp's holdings in Cognex were worth $1,041,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Front Street Capital Management Inc. lifted its stake in shares of Cognex by 8.6% in the 1st quarter. Front Street Capital Management Inc. now owns 1,387,075 shares of the scientific and technical instruments company's stock valued at $41,275,000 after purchasing an additional 109,402 shares during the last quarter. Scientech Research LLC lifted its stake in shares of Cognex by 93.8% during the 1st quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company's stock worth $890,000 after acquiring an additional 14,434 shares during the last quarter. Petrus Trust Company LTA bought a new stake in shares of Cognex during the 1st quarter worth approximately $738,000. Electron Capital Partners LLC bought a new stake in shares of Cognex during the 1st quarter worth approximately $10,322,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Cognex by 1,039.9% during the 1st quarter. Advisors Asset Management Inc. now owns 12,881 shares of the scientific and technical instruments company's stock worth $384,000 after acquiring an additional 11,751 shares during the last quarter. 88.12% of the stock is owned by institutional investors.

Cognex Trading Down 1.2%

Shares of NASDAQ:CGNX opened at $44.39 on Friday. Cognex Corporation has a 12-month low of $22.67 and a 12-month high of $45.23. The business's fifty day simple moving average is $39.81 and its 200-day simple moving average is $33.04. The company has a market capitalization of $7.45 billion, a PE ratio of 62.52 and a beta of 1.50.

Cognex (NASDAQ:CGNX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The business had revenue of $249.09 million for the quarter, compared to the consensus estimate of $246.70 million. During the same period last year, the business posted $0.23 EPS. The business's revenue was up 4.2% compared to the same quarter last year. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. Research analysts predict that Cognex Corporation will post 0.61 EPS for the current year.

Cognex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.08 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.7%. Cognex's dividend payout ratio (DPR) is currently 45.07%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CGNX. KeyCorp raised Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 price target for the company in a research note on Friday, August 1st. DA Davidson raised their price target on Cognex from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Melius raised Cognex from a "hold" rating to a "buy" rating and set a $60.00 price target for the company in a research note on Thursday, July 10th. UBS Group raised their price objective on Cognex from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Robert W. Baird raised their price objective on Cognex from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.31.

Insider Activity

In other news, EVP Sheila Marie Dipalma sold 2,002 shares of Cognex stock in a transaction on Friday, September 5th. The stock was sold at an average price of $45.00, for a total value of $90,090.00. Following the transaction, the executive vice president directly owned 8,582 shares in the company, valued at approximately $386,190. This trade represents a 18.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

About Cognex

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.

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